An Overview

Finance and banking industry are two among the fastest growing industries. If you are looking for a successful career, you can choose finance sector. Like you, bankers, fund managers, and finance professionals too aspire to maximize their career opportunities and  strive to enhance their analytical skills. Among the high-profile positions in a financial institution and bank is the role of a credit analyst. A  well-qualified and skillful credit analyst is in-demand by the industry. Due to its great demand in the industry, a good many students and professionals opt for pursuing a course in credit analysis.

Responsibilities of a Credit Analyst

The contribution of credit analysts deserves a higher credibility as their work is crucial for the success of banks and other financial institutions. The work of these professionals help a financial institution or bank to minify debt risk and increase income by determining the risk involved in authorizing loans or credit lines. A credit analyst assesses and takes the right decision about credit application of customers by using a range of criteria such as credit viability, purpose of application,  their payment history and credit-worthiness etc. Their typical tasks include  –

Reading financial briefing, gathering a wealth of information, analyzing, assessing, interpreting complicated cases, handling client’s issues by meeting them personally, understanding  risk assessment analysis, measuring any risk factors and finding solutions to it, helping customers to enhance their credit application and much more.

Educational Requirements

In order for you to pursue a credit analysis course, a degree from a recognized university along with work experience is essential. Qualifications in business studies, statistics, management, finance, accounting, mathematics, physical/applied sciences or economics can be helpful. Usually the course in credit analysis covers the products that a corporate banker needs to know along with live cases, and unequaled description of writing a credit note. If you pursue this course, you can be a perfect candidate for SME Banking, corporate banking or a business banking relationship manager or credit analyst role.

Those who offer jobs to credit analyst includes investment and foreign banks, commercial banks, building society companies,  insurance companies,  investment/asset management companies and specialist credit rating agencies.

Required Skills for A Credit Analyst

To start a career as a credit analyst, one needs to be confident, adaptable, reliable and motivated graduate with adequate time management skills. He/she must have ability to work effectively under pressure. There are some first-hand skill requirements such as excellent IT, analytical, interpersonal, numerical, communication, problem-solving and team-working skills. Apart from that, aspirants must hone their skill in writing, communication, mathematics, customer service, spreadsheet counting programs and database management.

Get Started Now

If your job is related to finance industry and you want to becoming a credit analyst, you should:

• Apply for a course in credit analysis. A number of institutions in India provide e-learning classes to aspirants who want to take credit analyst course. So, find a popular institute, take admission and study hard. 

Author Bio –  Sumit Dawas is a leading content strategist for Finitiative Learning India Pvt. Ltd., a leading name in banking and finance certifications in India. Visit www.learnwithflip.com  for more information.

Thank you Sumit for: How To Become A Professional Credit Analyst – India

Dr. Daniel de Roulet

Prof. David C. Pecoraro